Toyota global output up 11.9% in July, but production cut looms due to chip crunch

Toyota Motor's global output increased 11.9 percent on-year to 773,135 vehicles in July, but the growth pace was well below the 41.2 percent gain in June due to the pandemic and a global semiconductor shortage.

While the output growth was for the 11th straight month, the carmaker is expecting a production cut of 40 percent or some 360,000 units in September due to pandemic-caused difficulties in securing components in Southeast Asia, where many suppliers are based.

In Japan, Toyota manufactured 309,138 units, up 21.8 percent.

Toyota's overseas production surged 6.1 percent to 463,997 vehicles, with those from China and other Asian countries increasing 9.1 percent.

In North America, Toyota's production dipped 2.4 percent.

With an increased demand for vehicles in key overseas markets, including North America, Toyota increased sales for the 11th straight month 858,569 vehicles, which is the largest figure for July.